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Egypt to expand Russia industrial zone in Suez Canal | Source: Middle East Monitor

Egypt announced on Thursday that it had signed an agreement with Russia to expand the Russian industrial zone in the country’s Suez Canal Economic Zone. In 2018, Cairo and Moscow signed an agreement to establish a Russian industrial zone in the SCZone, on an area of 5.25 square kilometres, with investments amounting to $6.9 billion, to be implemented in three phases over a period of 13 years.

Source: Middle East Monitor


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